Borders Is Bankrupt

Borders bookstore filed for bankruptcy this week and announced it will close at least 200 of its 600+ stores across the country, including huge stores in downtown San Francisco, New York City, and Chicago. Although the company will stay in business, for now, a good chunk of its 6,000+ full-time and 11,000+ part-time employees will lose their jobs.

The good news – if you can call it that – is that the stores that are closing should have some “Everything Must Go” fire sales on its stock of books, records, DVDs, and miscellaneous stuff. The trade magazine Publishers Weekly posted a list of stores that will be closing, so you can see if one is near you. It’ll probably take several months for the sales and closings to happen.